Raymond James Financial Inc. purchased a new position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 81,659 shares of the company’s stock, valued at approximately $845,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ackerman Capital Advisors LLC increased its stake in BNY Mellon Municipal Bond Infrastructure Fund by 5.4% in the 4th quarter. Ackerman Capital Advisors LLC now owns 161,892 shares of the company’s stock worth $1,676,000 after acquiring an additional 8,295 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of BNY Mellon Municipal Bond Infrastructure Fund by 13.4% in the fourth quarter. Wolverine Asset Management LLC now owns 84,945 shares of the company’s stock valued at $879,000 after purchasing an additional 10,054 shares in the last quarter. Van ECK Associates Corp increased its position in BNY Mellon Municipal Bond Infrastructure Fund by 5.0% in the fourth quarter. Van ECK Associates Corp now owns 156,478 shares of the company’s stock worth $1,620,000 after purchasing an additional 7,507 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in BNY Mellon Municipal Bond Infrastructure Fund by 56.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 858,941 shares of the company’s stock valued at $8,890,000 after purchasing an additional 309,335 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 19.2% during the fourth quarter. Avior Wealth Management LLC now owns 7,009 shares of the company’s stock valued at $73,000 after purchasing an additional 1,131 shares during the last quarter.
BNY Mellon Municipal Bond Infrastructure Fund Price Performance
Shares of NYSE DMB opened at $10.65 on Friday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 1-year low of $9.93 and a 1-year high of $11.28. The business’s 50 day moving average is $10.65 and its two-hundred day moving average is $10.71.
BNY Mellon Municipal Bond Infrastructure Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $0.36 annualized dividend and a dividend yield of 3.38%.
BNY Mellon Municipal Bond Infrastructure Fund Company Profile
BNY Mellon Municipal Bond Infrastructure Fund, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities.
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